Single-Tenant CVS
For Sale
Contact for pricing
3824 Main St, Anderson, IN 46013
Drugstore property with lease guaranteed by CVS Corporation and a remaining term of approximately 17 years.
Property SizeContact for details
Days on Market120
Property Features for 3824 Main St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
Pharma Property Group offers the acquisition of a CVS drugstore in Anderson, IN. Rental income is guaranteed by CVS Corporation, and CVS extended the lease in December 2020 by 20 years. The property has approximately 17 years and 10 months of lease term remaining, with four (5-year) extension options and 5% rental increases in the options.
According to the provided remarks, this location performs above the national average for CVS, with reported sales per square foot above $1,000. The area includes limited direct competition, with only two drugstores within a 2.75-mile radius and no other CVS within 4 miles; Walgreens is reported to be 1.3 miles east. St. Vincent Anderson Regional, a 141-bed non-profit acute-care hospital with a children’s clinic, is located about one and one-half miles from the property, and multiple national retail tenants are listed in the surrounding area.
According to the provided remarks, this location performs above the national average for CVS, with reported sales per square foot above $1,000. The area includes limited direct competition, with only two drugstores within a 2.75-mile radius and no other CVS within 4 miles; Walgreens is reported to be 1.3 miles east. St. Vincent Anderson Regional, a 141-bed non-profit acute-care hospital with a children’s clinic, is located about one and one-half miles from the property, and multiple national retail tenants are listed in the surrounding area.
Key Highlights
- Drugstore property in Anderson, IL with rental income guaranteed by CVS Corporation.
- CVS extended the lease in December 2020 for an additional 20 years.
- Approximately 17 years and 10 months of lease term remaining, with four (4) 5‑year extension options.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46013, IN
18,288
Population
9,062
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
875
Density / Sq Mi
$49,557
Median Household Income
$35,000
Median Earnings
$891
Median Rent
$120,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- CVS — 3824 Main St, Anderson, IN 46013
- Pay Less Pharmacy — 3050 Meridian St, Anderson, IN 46016
- CVS Pharmacy — 3824 Main St, Anderson, IN 46013
- Hoosier Best Solutions — 4415 Columbus Ave #15, Anderson, IN 46013
- Gene Maddy Drugs — 3050 Meridian St, Anderson, IN 46016
Frequently Asked Questions
What type of property is this?
Drug store - Drugstore property with lease guaranteed by CVS Corporation and a remaining term of approximately 17 years.
Where is this drug store located?
The property is located at 3824 Main St Anderson, IN.
What are key features of this property?
This property features: Drugstore property in Anderson, IL with rental income guaranteed by CVS Corporation.; CVS extended the lease in December 2020 for an additional 20 years.; Approximately 17 years and 10 months of lease term remaining, with four (4) 5‑year extension options.
